MarkNtel Advisors recently published a detailed industry analysis of the Global Workplace Safety Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Workplace Safety Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Workplace Safety Market size was valued at USD 14.9 billion in 2023 and is estimated to grow at a CAGR of around 15.1% during the forecast period, i.e., 2025-30.

Key Findings in Global Workplace Safety Market:

• Historical Analysis: 2020–2023
• Base Year: 2024
• Forecast Period: 2025–2030

Leading Market Players- IBM, Honeywell, 3M, Hexagon AB, Appian, Microsoft, Bosch, Cority, Wolters Kluwer, Intelex, HCL Technologies, Amazon Web Services, Hitachi Solutions, Vector Solutions, HIS and others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Workplace Safety industry?

Rising Workplace Safety Concerns Due to Increasing Incidents of Injuries & Life Losses – The prioritization of workplace safety has become increasingly important for organizations as they recognize the significance of taking a proactive approach to injury prevention & treatment, reflecting their commitment to the well-being of their employees. The severity of the situation becomes even more evident when taking into account the data provided by the National Safety Council, which reveals that a worker gets injured on the job every seven seconds.

In response to these escalating numbers, the National Institute for Occupational Health (NIOSH) introduced the Total Worker Health concept, signifying a significant change in the industry towards a more comprehensive approach to employee well-being. This transformative initiative has shifted the focus of workplace safety efforts from merely identifying hazardous conditions to actively identifying risks for prevention-oriented programs. As a result, this surge is anticipated to propel the workplace safety market as organizations acknowledge the significance of safeguarding their workforce.

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What segments define the Global Workplace Safety Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Component

• Hardware- Market Size & Forecast 2020-2030, (USD Million)
• Safety Sensors- Market Size & Forecast 2020-2030, (USD Million)
• RFID Tags & Readers- Market Size & Forecast 2020-2030, (USD Million)
• Wearables- Market Size & Forecast 2020-2030, (USD Million)
• Software- Market Size & Forecast 2020-2030, (USD Million)
• Services- Market Size & Forecast 2020-2030, (USD Million)

By System

• Real-time location monitoring- Market Size & Forecast 2020-2030, (USD Million)
• Environmental Health & Safety- Market Size & Forecast 2020-2030, (USD Million)
• Access Control & Surveillance System- Market Size & Forecast 2020-2030, (USD Million)
• Others- Market Size & Forecast 2020-2030, (USD Million)

By Application

• Incident & Emergency Management- Market Size & Forecast 2020-2030, (USD Million)
• Asset Tracking & Management- Market Size & Forecast 2020-2030, (USD Million)
• PPE Detection- Market Size & Forecast 2020-2030, (USD Million)
• Personnel/Staff Tracking

By Deployment Mode

• Cloud- Market Size & Forecast 2020-2030, (USD Million)
• On-premises- Market Size & Forecast 2020-2030, (USD Million)

According to report, The Cloud Deployment Mode is predicted to grab the potential share of the Global Workplace Safety Market in the future years.

By End Use Industry

• Construction & Engineering- Market Size & Forecast 2020-2030, (USD Million)
• Chemicals & Materials- Market Size & Forecast 2020-2030, (USD Million)
• Government & Defense- Market Size & Forecast 2020-2030, (USD Million)
• Healthcare- Market Size & Forecast 2020-2030, (USD Million)
• Food & Beverage- Market Size & Forecast 2020-2030, (USD Million)
• Others- Market Size & Forecast 2020-2030, (USD Million)

According to report, The Healthcare Industry is poised to experience the fastest growth rate worldwide, driven by its ongoing expansion. 

Explore the Complete Global Workplace Safety Market Analysis Report – https://www.marknteladvisors.com/research-library/workplace-safety-market.html

Geographical Analysis: Global Workplace Safety Market

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Workplace Safety Market Recent Development:

• 2022: Cority has recently unveiled two innovative solutions aimed at assisting organizations in navigating the digital transformation of their EHS programs. These solutions include Cority's Learning Management Solution and Cority Academy. By leveraging the new learning management solution, organizations can effectively engage and empower their employees with dynamic, data-driven EHS training that caters to their specific needs. This initiative reflects Cority's commitment to providing comprehensive support for organizations undergoing digital transformation.

• 2022: Honeywell has introduced the Honeywell Safety Watch, a durable real-time location solution (RTLS) specifically developed for industrial operations. This solution is integrated with Honeywell OneWireless infrastructure & provides advanced functionalities, such as extended battery life, increased transmission range, and a business rule engine. These features aim to enhance safety, compliance, and productivity in Industry 4.0 environments.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Workplace Safety Market?
• How is the Workplace Safety Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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